Euronext Unsalted Lactic Butter Futures

Unsalted Lactic Butter Futures
Unit of trading

6 tonnes, net weight

Delivery period

Any business day from the first business day of the delivery month through to the last business day of the delivery month.

Delivery months

Consecutive calendar months such that 18 calendar months are quoted at any time

Minimum price movement (tick size and value)

1 Euro per tonne (6€)

Last trading day

The last business day prior to the tender day

Trading Hours

09:00 to 18:00 (UTC+1)

Trading platform

Universal Trading Platform


Central order book applies a price-time trading algorithm, with priority given to the first order at the best price

Wholesale service

Against Actuals, Exchange for Swaps



Notice day/Tender day

The sixth business day preceding the first business day of the delivery period

Origins tenderable

Any origin, all duties paid

Price basis

Euros per metric tonne. Delivered free to Buyer's transport in accordance with Incoterm FCA from a EC Approved cold store or production facility (duty paid) within a 150 km radius of Antwerp, Hamburg or Rotterdam, restricted to continental delivery.


Non-reconstituted unsalted lactic butter produced exclusively from pasteurised cream or milk, compliant with EU legislation.

Physical and Chemical Analysis:
Butterfat 82.0% minimum, by weight
Butterfat 90.0% maximum, by weight
Dry non-fat milk-material 2.0% maximum
Moisture 16.0% maximum
Peroxide, 0.30 mEqu/kg maximum
Free fatty acids 0.35% maximum
pH 4.5 – 5.5

Microbiological Analysis:
Standard Plate Count 5.000/g, maximum
Coliforms 10/g maximum
E Coli Negative in 1g
Salmonella Negative in 25g
Yeast & Mould 100/g maximum
Inhibitors Negative

Euronext Market
Product should be stored frozen at a minimum temperature of -18 degrees, protected from moisture and foreign odours.
25kg net weight corrugated cartons with polyethylene liner, each package marked to enable trace back.
Age profile
Goods must be tendered no later than 6 months after the date of production.

Delivery Limits: Delivery limits are set by LCH S.A. and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH S.A. notices on the website www.lch.com/risk_management/sa/risk_notices